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Sidelined by the Fed this year, BB&T wants to get back to buying banks in 2014 provided the Fed accepts its updated capital plan. Its peers are more cautious.
July 18 -
The Fed's rejection of BB&T's capital plan likely bars the serial acquirer from big acquisitions for several months, but it might be able to pull off a small one.
March 15 -
If done right, the Fed's stress tests will motivate a renaissance in enterprise risk assessment, breaking the black box and bringing needed transparency to banks' exposures.
March 18
The Federal Reserve has approved a capital plan that was re-submitted by BB&T Corp. (BBT) of Winston-Salem, N.C., the regulator
BB&T's original capital plan was rejected in March, based on a "qualitative assessment," according to the press release the Fed issued today. It did not specify how the new plan differed from the previous one.
The earlier rejection put a temporary hitch in the $171 billion-asset company's plans to expand, American Banker
"I would be surprised if you don't begin to see acquisitions as we head through '14," BB&T chief executive Kelly King
BB&T is the second-largest bank in North Carolina.
